Turkish Broker Ak Investment Launches Multi-Asset Trading in its True Form, TradeAll
by
Adil Siddiqui
Leading Turkish brokerage firm, Ak Investment has reported the launch of its new trading platform, TradeAll. The new solution which is powered by PFSOFT offers users a complete multi asset trading solution.
Ak Investment, the securities arm of Akbank, one of the oldest and most established banking groups in Turkey, has expanded its on-line trading offerings to include margin derivatives. The firm will offer a range of domestic and global instruments including, major indices, currency pairs and commodity contracts via its new portal TradeAll.
Attila Penbeci, CEO of the brokerage, spoke about the launch of the new service in a comment to Forex Magnates, saying, "TradeAll is a multi-asset electronic Trading Platform which provides fast, reliable and accurate execution with a user-friendly and simple-to-use interface. Investors are now able to trade all major FX pairs, spot precious metals, index and stock CFDs, globally traded listed futures and international stocks all under one roof.
Combining a vast range of both exchange traded and over-the-counter financial products, TradeAll meets an important demand in Turkey by offering the opportunity to invest globally: 24/5 tailor-made customer support, graphical trading, competitive spreads and fees, mobile e-trading over iOS and Android, an all-in-one platform for global markets, where you can literally trade all."
Ak Investments has played a pivotal role in the introduction of electronic trading to both retail and institutional investors in Turkey, the firm was the first to launch Direct Market Access (DMA) for Turkish equities. Mr Penbeci states, "As the Turkish market is one of the most competitive emerging markets in Europe, it is always vital to be ahead of the crowd. Ak Investment was the first Turkish broker to introduce electronic trading, DMA and algorithmic trading for Turkish equities. In addition to cash equity trading, Ak Investment handles trading for futures and options on the Borsa Istanbul. These capabilities increased Ak Investment’s institutional client base."
Denis Borisovsky, CEO of PFSOFT technology provider of TradeAll, stated to Forex Magnates, "This project is very unique, not only for Turkey, but for the whole market. After only a short time of working with Ak Investment we were able to deploy this huge multi-asset project. The highlights include featuring listed international equities, futures, CFDs (indices and single stocks) and Forex instruments all within one platform and aggregation from top LPs. It's a great example of how even the biggest banks can effectively cooperate with us as a custom solution provider, instead of developing a proprietary platform. We are proud to work with, and congratulate Ak Investment and will do everything possible to help support them for their future growth."
Several Turkish banks entered the FX space post regulations. Ak Investment, the brokerage arm of Akbank and one of the largest Turkish banks founded in 1948, highlights the attractiveness of Turkey's electronic trading market. Prior to the FX regulations, Forex Magnates estimates that there were over sixty introducing brokers and white label partners operating in the country.
Another reason that banks have entered the FX markets is due to the capital requirements by the regulator, the SPK (Capital Markets Board) is currently reviewing the capital adequacy firms need to maintain, and is gearing itself to the upper limits, a concern for smaller brokers.
Akbank is a listed firm on the domestic markets in Turkey, traded on the Borsa Istanbul, and it is 20% owned by Citigroup (since 2007), as well as by members of the Sabancı family, a leading industrialist business family.
Ak Investment currently serves investors in Great Britain, Continental Europe, United States, Middle East and Far East.
Ak Investment, the securities arm of Akbank, one of the oldest and most established banking groups in Turkey, has expanded its on-line trading offerings to include margin derivatives. The firm will offer a range of domestic and global instruments including, major indices, currency pairs and commodity contracts via its new portal TradeAll.
Attila Penbeci, CEO of the brokerage, spoke about the launch of the new service in a comment to Forex Magnates, saying, "TradeAll is a multi-asset electronic Trading Platform which provides fast, reliable and accurate execution with a user-friendly and simple-to-use interface. Investors are now able to trade all major FX pairs, spot precious metals, index and stock CFDs, globally traded listed futures and international stocks all under one roof.
Combining a vast range of both exchange traded and over-the-counter financial products, TradeAll meets an important demand in Turkey by offering the opportunity to invest globally: 24/5 tailor-made customer support, graphical trading, competitive spreads and fees, mobile e-trading over iOS and Android, an all-in-one platform for global markets, where you can literally trade all."
Ak Investments has played a pivotal role in the introduction of electronic trading to both retail and institutional investors in Turkey, the firm was the first to launch Direct Market Access (DMA) for Turkish equities. Mr Penbeci states, "As the Turkish market is one of the most competitive emerging markets in Europe, it is always vital to be ahead of the crowd. Ak Investment was the first Turkish broker to introduce electronic trading, DMA and algorithmic trading for Turkish equities. In addition to cash equity trading, Ak Investment handles trading for futures and options on the Borsa Istanbul. These capabilities increased Ak Investment’s institutional client base."
Denis Borisovsky, CEO of PFSOFT technology provider of TradeAll, stated to Forex Magnates, "This project is very unique, not only for Turkey, but for the whole market. After only a short time of working with Ak Investment we were able to deploy this huge multi-asset project. The highlights include featuring listed international equities, futures, CFDs (indices and single stocks) and Forex instruments all within one platform and aggregation from top LPs. It's a great example of how even the biggest banks can effectively cooperate with us as a custom solution provider, instead of developing a proprietary platform. We are proud to work with, and congratulate Ak Investment and will do everything possible to help support them for their future growth."
Several Turkish banks entered the FX space post regulations. Ak Investment, the brokerage arm of Akbank and one of the largest Turkish banks founded in 1948, highlights the attractiveness of Turkey's electronic trading market. Prior to the FX regulations, Forex Magnates estimates that there were over sixty introducing brokers and white label partners operating in the country.
Another reason that banks have entered the FX markets is due to the capital requirements by the regulator, the SPK (Capital Markets Board) is currently reviewing the capital adequacy firms need to maintain, and is gearing itself to the upper limits, a concern for smaller brokers.
Akbank is a listed firm on the domestic markets in Turkey, traded on the Borsa Istanbul, and it is 20% owned by Citigroup (since 2007), as well as by members of the Sabancı family, a leading industrialist business family.
Ak Investment currently serves investors in Great Britain, Continental Europe, United States, Middle East and Far East.
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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